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UniPayGateway

March 21, 2017
Written by
James Davis
Written by James Davis
Senior Technical Writer at United Thinkers

Author of the Paylosophy blog, a veteran writer, and a stock analyst with extensive knowledge and experience in the financial services industry that allows me to cover the latest payment industry news, developments, and insights.

My works have been cited across media and payment blogs. I do my best to help businesses make the most efficient financial decisions that can positively and significantly improve their business growth.

Whether you are a seasoned investor or just starting out in the world of payments, my writing is designed to be accessible to everyone and help people navigate the complex world of payments. So if you want to stay up-to-date on the latest trends and insights in the payment industry, be sure to check out Paylosophy and my published works.

Reviewed by
Kathrine Pensatori
Product Specialist at United Thinkers

Product specialist with more than 10 years of experience in the Payment Processing Industry. I help payment facilitators and PSPs solve their various payment processing issues. On a regular basis, I work with a team of knowledgeable technical people in the space, and I am passionate about finding creative solutions to the challenges presented by the Payments Industry.

I would be happy to help with any questions you might have regarding credit card payment processing, merchant services, EMV certifications, the various ways of becoming a payment facilitator or a payment platform, as well as any other Payment Industry related issues you might be struggling with. Feel free to follow me on Quora, and don’t hesitate to send me links to the specific Quora questions you would like me to answer.

Traditional vs. Mobile Credit Card Processing: What to Choose?

Once a business decides that it needs to accept credit cards, it must determine how to make that happen. Choosing the right credit card processing system for business transactions is essential for success.

Location is the most crucial factor in deciding whether you should choose mobile credit card processing or a traditional setup with a point of sale terminal. You want to be able to conduct business as smoothly as possible in all the locations where you may find yourself now and in the future.

While a virtual terminal for mobile use may sound like a good idea, there’s no need for it if you plan to do all your business at a single location and perhaps even a single sales counter. The traditional credit card processing system combines a receipt printer and a cash drawer for the easiest possible transactions.

Often, you can get the most features with a traditional point of sale terminal. This includes support for Apple Pay and NFC payment methods.

When some or all of your business happens on the road, a virtual terminal makes sense. Your customers may be happy that you’ll take credit cards when other vendors or sellers are only accepting cash. But advanced features aren’t always available with all mobile credit card processing choices.

Advantages  of mobile credit card processing

Another factor to consider in choosing your credit card setup is cost. A traditional credit card processing system from a traditional credit card merchant services company can require a significant investment or a high monthly lease bill. Most mobile credit card processing systems are much less expensive and may involve only a card reader that you have on your tablet or smartphone. You can add your own cash register, printer, and stand if you like.

When you take into consideration where you’ll do your business, who you’ll serve you and what it will all cost, you can make a smart choice about whether to choose a traditional setup for your business transactions or a modern mobile credit card processing setup.

The UniPay payment platform is available in a variety of formats to merchants and the companies that serve them. For more information, contact us and let us tell you more about how we think at United Thinkers. We look forward to working with you.

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